Workflow
Flash storage memory chips
icon
Search documents
Sandisk stock soars 14% after blowout earnings report showing overwhelming AI demand
CNBC· 2026-01-30 15:18
Sandisk's stock popped 14% after the company crushed Wall Street's fiscal second-quarter estimates, as the artificial intelligence boom sent demand for its chips skyrocketing. The flash storage memory company reported earnings of $6.20 per share, excluding items, blowing past the $3.62 per share expected by analysts surveyed by FactSet. Revenue totaled $3.03 billion, topping a forecast of $2.69 billion. Sandisk's third-quarter forecast also outpaced expectations for analysts. Sandisk guided for between $4.4 ...